Ameritas Advisory Services LLC Sells 63,871 Shares of NVIDIA Corporation $NVDA

Ameritas Advisory Services LLC cut its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 42.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,844 shares of the computer hardware maker's stock after selling 63,871 shares during the period. NVIDIA comprises approximately 0.7% of Ameritas Advisory Services LLC's investment portfolio, making the stock its 24th biggest position. Ameritas Advisory Services LLC's holdings in NVIDIA were worth $13,720,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Kingstone Capital Partners Texas LLC lifted its stake in NVIDIA by 267,959.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after purchasing an additional 382,231,120 shares during the last quarter. Nuveen LLC bought a new position in shares of NVIDIA in the 1st quarter valued at $15,089,414,000. Goldman Sachs Group Inc. lifted its stake in shares of NVIDIA by 123.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock valued at $20,374,921,000 after acquiring an additional 103,889,872 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of NVIDIA by 204.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock valued at $3,864,026,000 after acquiring an additional 23,948,733 shares during the last quarter. Finally, Amundi lifted its stake in shares of NVIDIA by 16.0% in the 1st quarter. Amundi now owns 135,770,043 shares of the computer hardware maker's stock valued at $13,826,199,000 after acquiring an additional 18,733,431 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $182.64 on Tuesday. The company has a market capitalization of $4.44 trillion, a price-to-earnings ratio of 52.03, a PEG ratio of 1.32 and a beta of 2.12. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $195.62. The stock has a fifty day simple moving average of $179.41 and a 200 day simple moving average of $154.25. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a return on equity of 101.74% and a net margin of 52.41%.The firm had revenue of $46.74 billion during the quarter, compared to the consensus estimate of $45.65 billion. During the same period last year, the business posted $0.68 EPS. The business's revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Sell-side analysts expect that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, September 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.14%.

Insiders Place Their Bets

In other NVIDIA news, CEO Jen Hsun Huang sold 75,000 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $183.38, for a total transaction of $13,753,500.00. Following the completion of the sale, the chief executive officer directly owned 70,108,203 shares in the company, valued at approximately $12,856,442,266.14. This trade represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 3,828,937 shares of company stock worth $682,264,276. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. reissued a "buy" rating and set a $215.00 price target on shares of NVIDIA in a research note on Friday, September 19th. Benchmark lifted their price target on NVIDIA from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. BNP Paribas raised NVIDIA to a "hold" rating in a research note on Friday, August 1st. Finally, Oppenheimer reissued an "outperform" rating and set a $225.00 price target (up from $200.00) on shares of NVIDIA in a research note on Thursday, August 28th. Five equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $222.23.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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